GRA 8514 Business Models for Green Energy Transition (2018/2019)
GRA 8514 Business Models for Green Energy Transition (2018/2019)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
Following decades of deregulation and a strong policy for de-carbonization, energy is undergoing rapid technological and economic change. As a consequence, energy industry has moved into new competitive terrain, and energy industry now exists in a dualistic limbo, between the conventional and the emerging new models. The course highlights the sources of these changes, and explores what they mean for energy markets and innovative business reconfiguration.
The objective of this course is to explore business models for energy industry in adapting to 21st century markets and consumer behavior.
The course provides insight into the business models of incumbent industrial players, as they have struggled under the challenge of the digital economy and the pressure of for green transition. The course also provides an overview of business models of new actors that challenge and transcended established business practice.
Based on theoretical and empirical analysis, the course presents perspectives on future positioning of a sustainable energy industry, as well as the business models to go with it.
Acquired Knowledge
Insights into traditional business models in energy industry, including
- Overview of the core business-elements of the energy system: generation, grid, wholesale, retailing and distribution.
- Basic understanding of their mode of operation.
Insights in to new business models, Including:
- Insights into the network-logic of the new emerging business models entails a
- Knowledge of the race for positioning as the dominant platform providers,
- Understanding of the role of new channels of communication, distribution, and sales.
- The role of information technology has opened up avenues for new sharing economy and
- Core understanding of customer-centric green energy prosumership.
Upon completion of the course, students should have acquired basic skills at:
- Analysing energy systems and developing policies for low carbon transition;
- Suggesting strategies and business models for sustainability-based innovation and value creation;
- Designing deployment strategies, and finding niche market trajectories for technology and business concept innovation.
- The Basic Elements of Energy Industry,
- Commercial Challenges and Regulatory Approaches
- Innovation and Transformation Versus Static Efficiency
- Learning Curves and Niche Markets
- Business Models and Value Creation
- Policies and Business Strategies for Low Carbon Transition
- Digital Challenges and Opportunities
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.
Granted admission to the Executive Master of Management in Energy programme.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 60 Grouping: Individual Duration: 30 Day(s) Comment: The students are evaluated through an individual 30 days course paper, counting 60% of the final grade. Exam code: GRA 85141 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Activity Form of assessment: Class participation Weight: 40 Grouping: Individual Comment: The students are evaluated through class participation, counting 40% of the final grade. Exam code: GRA 85141 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 5 ECTS credit corresponds to a workload of at least 135 hours.